JetBlue Airways Corporation (NASDAQ:JBLU) – Investment analysts at Imperial Capital raised their FY2019 earnings estimates for JetBlue Airways Corporation in a research report issued to clients and investors on Wednesday, Zacks Investment Research reports. Imperial Capital analyst M. Derchin now expects that the transportation company will earn $1.10 per share for the year, up from their prior estimate of $1.05. Imperial Capital currently has a “Buy” rating and a $31.00 price objective on the stock.
JetBlue Airways Corporation (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, October 24th. The transportation company reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. JetBlue Airways Corporation had a return on equity of 15.95% and a net margin of 9.38%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $0.58 earnings per share.
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Other research analysts have also issued research reports about the company. Morgan Stanley dropped their target price on JetBlue Airways Corporation from $24.00 to $23.00 and set an “equal weight” rating for the company in a research report on Thursday, August 17th. Standpoint Research restated a “buy” rating on shares of JetBlue Airways Corporation in a research report on Sunday, September 3rd. BidaskClub lowered JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Cowen and Company boosted their target price on JetBlue Airways Corporation from $21.00 to $22.00 and gave the company a “market perform” rating in a research report on Thursday, October 12th. Finally, J P Morgan Chase & Co lowered JetBlue Airways Corporation from an “overweight” rating to a “neutral” rating and set a $22.00 target price for the company. in a research report on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $25.02.
JetBlue Airways Corporation (JBLU) opened at $18.99 on Friday. The company has a market capitalization of $6,089.09, a PE ratio of 9.79 and a beta of 0.65. JetBlue Airways Corporation has a 12-month low of $18.05 and a 12-month high of $24.13. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.56 and a quick ratio of 0.56.
In related news, CEO Robin Hayes sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $19.89, for a total value of $39,780.00. Following the completion of the transaction, the chief executive officer now owns 404,362 shares of the company’s stock, valued at $8,042,760.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joel Clinton Peterson sold 5,120 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $19.87, for a total transaction of $101,734.40. Following the completion of the transaction, the director now directly owns 549,942 shares of the company’s stock, valued at approximately $10,927,347.54. The disclosure for this sale can be found here. Insiders sold 24,860 shares of company stock valued at $474,419 in the last three months. 0.60% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of the stock. CENTRAL TRUST Co acquired a new position in shares of JetBlue Airways Corporation during the second quarter worth $162,000. IFP Advisors Inc increased its position in shares of JetBlue Airways Corporation by 38.1% during the second quarter. IFP Advisors Inc now owns 7,672 shares of the transportation company’s stock worth $175,000 after purchasing an additional 2,117 shares in the last quarter. Capital Management Associates NY acquired a new position in shares of JetBlue Airways Corporation during the second quarter worth $203,000. Investment Centers of America Inc. acquired a new position in shares of JetBlue Airways Corporation during the second quarter worth $205,000. Finally, Lincoln National Corp acquired a new position in shares of JetBlue Airways Corporation during the second quarter worth $210,000. 85.38% of the stock is owned by institutional investors.
JetBlue Airways Corporation Company Profile
JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.
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